3 Bed Detached for sale in Detroit Area, South East & Lake Erie, Un...

Beautiful Brick Built property with excellent kerb appeal. This 3 bedroom, 2 bathroom property in very good condition. Currently let out for $850 per month, this is an an outstanding investment proposal for any prospective property investor. This property is likely to value at $75,000.

The property is in Excellent Condition featuring a Large living room with coved ceiling, large new windows and an awesome fireplace for cold those cold Michigan winters! Also features a formal dining room for family dinners or entertainment and offers huge windows with old Detroit charm.

Internal size of 1,450sq. ft. with total lot size of 3,920 sq. ft.

Great investment! Suburban West Side Detroit, in the popular University District .

>Large Three bedroom Single family house - freehold detached property.

>3 double Bedrooms, 1 Kitchen, 1 dining room, 1 living room, 2 bathroom.

>Large Garage, Sun Room and Pond.

>Large front and rear garden and FULL BASEMENT.

>Has a likely value of $75,000 but secured by RTI for $37,500.

>FULLY let with exisitng tenants at $850.

>Property within our Target Zip code

>We offer a 12 month Home Warranty covering repairs for added peace of mind

INVESTMENT SUMMARY:

TOTAL INVESTMENT AMOUNT: $39,675/ £24,050 (INC. ALL COSTS)
GROSS RENTAL: $10,200
ANNUAL CASH FLOW: $7,030
NET YIELD: 18.75%

>Already tenanted

>Full refurbishment - Included

>Valuation cost - Included

>Survey cost - Included

>Legal cost - Included

>Title Insurance - Included

>ITIN & 1st Year Accounts - Included

>12 month Home Warranty Included – Peace of mind

CASH FLOW SUMMARY:

With tenants currently paying $850 it offers A NET YIELD P.A. OF 18.75%

Monthly GROSS RENTAL INCOME $850
Monthly MANAGEMENT FEES 10% $85
Monthly ESTIMATED PROPERTY TAXES $125
Monthly BUILDINGS INSURANCE $54

Monthly NET RENTAL INCOME $586

SERVICES WE OFFER:

Property Sourcing – We source good investments properties for our clients in our carefully chosen areas.

Property Management – Through our nominated property management company we provide reliable professionals who will manage all aspects including finding tenants and managing any repairs.

After sales support – We will provide guidance and support after your purchase to ensure that you are absolutely satisfied with your investment decision.

Opening a $US bank account – Ideally, you do need one. We will help you with this.
Setting up a LLC (Limited Liability Company) in the USA

Accountant – We have established a relationship with an UK accountant who is both qualified in the UK and qualified in the US to manage all aspects of your post completion from obtaining an ITIN number to filing tax annual tax returns

WHY INVEST IN THE USA THROUGH REAL TIME INVESTMENTS?

Our properties have to fulfil our stringent sourcing criteria before we market them to outside investors. The directors of RTI also own property in the USA so we are in a position to guide you based on personal experience.

Through our vast experience in this market we have a window of opportunity in which to buy property significantly below market value, often 50% whilst retaining high rental yields by taking advantage of the government's HUD scheme.

We offer a hands-off Investment property.

Properties bought at significantly reduced prices.

Low Prices and High Yields - due to the acquired knowledge of the market and relationships with the most important realtors in the USA, RTI can achieve rental properties at discounted rates which provide extraordinary yields.

RTI is very selective in the areas it chooses to invest at the right price ensuring to avoid problematic inner city neighbourhoods.

Unlike the infamous ‘Land Contract Deals’ all of our properties are fully refurbished and tenanted before offering them to investors ensuring a pure Turnkey Investment.

We offer a 12 month Home Warranty covering repairs for added peace of mind.

Fast and simple process - On average we close on sales within 3 weeks of reservation.

Professional Team - RTI only works with trusted and reputable partners, which can provide a first class service
Low Prices and High Yields - due to the acquired knowledge of the market and relationships with the most important realtors in the USA, RTI can achieve rental properties at discounted rates which provide extraordinary yields.

RTI is very selective in the areas it chooses to invest at the right price ensuring to avoid problematic inner city neighbourhoods.

Unlike the infamous ‘Land Contract Deals’ all of our properties are fully refurbished and tenanted before offering them to investors ensuring a pure Turnkey Investment.

We offer a 12 month Home Warranty covering repairs for added peace of mind.

Fast and simple process - On average we close on sales within 3 weeks of reservation.

Professional Team - RTI only works with trusted and reputable partners, which can provide a first class service